# KJD (KraneShares 2x Long JD Daily ETF)

KraneShares · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: KJD returned −11.2% where its own daily promise gave −8.1%, 3.1 points short.

## Key facts

- KJD, what JD did: −3.2%, as of Oct 2, 2026.
- KJD, what 2 times a day gives: −8.1%, as of Oct 2, 2026.
- KJD, what the fund returned: −11.2%, as of Oct 2, 2026.
- KJD, the fund itself cost: −3.1 pts, as of Oct 2, 2026.
- KJD, net assets: $1m (issuer page, as of Oct 2, 2026).
- KJD, expense ratio: 1.25% (485BPOS XBRL, Jul 29, 2026).

## KJD over each window to Oct 2, 2026

| Window | Fund | JD | +2x the move | Difference | JD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −15.4% | −7.4% | −14.7% | −0.7 pts | 19% |
| 3 months | −11.2% | −3.2% | −6.3% | −4.9 pts | 28% |
| 6 months | −21.5% | −6.2% | −12.4% | −9.1 pts | 32% |
| Since launch | −47.2% | −19.5% | −38.9% | −8.3 pts | 30% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of JD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | JD moved −3.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | JD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Oct 2, 2026 |
| Expense ratio | 1.25% | 485BPOS XBRL, Jul 29, 2026 |
| Launched | Oct 15, 2025 | ETFIQ |
| Underlying volatility over the window | 28% annualized | ETFIQ |

## Questions

### Did KJD return +2 times JD?

Over the window to Oct 2, 2026, JD moved −3.2% and KJD returned −11.2%. 2 times that move is −6.3%, so the fund came out 4.9 points short of it.

### Why does KJD not return +2 times over a year?

Because it resets daily. KJD aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, KJD, data as of Oct 2, 2026. https://etfiq.com/funds/kjd
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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